Careful consumption dampens retail price increase
The price increase of agricultural raw materials increased retail prices. According to the datas of the Central Statistical Office (KSH); the average consumer price of foods incresed by 8.6 percent, with tobacco and spirits increased by 6.3 percent, compared to the previous March.
The data shows that the producer price of agricultural raw materials dramatically increased from the beginning of the year, by comparison, manufacturing transfer rates increased much moderately and even more modest increase occurred in retail prices. This can be explained by the fact that the domestic costumers are extremely cautious and cut back their spendings for the smallest rise in prices and despite the spectacular rise in commodity prices retail sales reduce – reports Népszabadság Online.
Related news
Related news
In June, the annual decline in producer prices slowed down in Germany
In Germany, producer prices fell by 1.6 percent year-on-year in…
Read more >Rural accommodations closed a stronger half year than last year
The momentum of tourism in 2023 will continue to make…
Read more >Munch is now available in every Auchan store
From the beginning of May you can get the three…
Read more >